ITO, NEW DELHI vs. M/S ZETA INVESTMENT PVT. LTD., NEW DELHI

O R D E R PER BENCH 1. This appeal is filed by the assessee against the order of the ld CIT(A)- XXI, New Delhi dated 11.01.2011 for the Assessment Year 2002-03, wherein, the addition on account of „sham transaction‟ was upheld amounting to Rs. 1.50 crores. Despite repeated notice the assessee has not remained present. In view of this we do not have any other alternative but to dismiss the appeal of the assessee for non prosecution. The same appeal was earlier also dismissed on 05.07.2011 for similar reasons. In view of this it is apparent that the assessee is not interested for prosecuting the above appeal. Therefore, for the similar reasons we dismiss the appeal of the assessee for non prosecution. Page | 1